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English 64
Search Results 0 to 49 of about 64 (some duplicates have been removed)
CNBC
Feb 24, 2010 9:00am EST
morning. i'm mark haines. >> i'm erin burnett. front and center, benjamin s. bernanke. >> yes. >> will be testifying in front of the house financial services committee about the economy and anything else they want to talk about. that'll be live in an hour. >> how about the exit strategy? imagine there will be some questions about that. the sec meets on possibly curbing short sales. huge issue for the market. full details coming up. >> and president obama meeting with key business leaders. it's all happening during this show. we've got a lot of breaking news, big headlines for you. we will be all over it, mark. how are your futures? >> not too good. >> no. >> up 0.70. we get a little break here because we closed a point above fair value. but, you know, looking at maybe 15, 20 points on the dow at the open. let's hit the markets. peel back the layers of the onion starting with brian shactman at the big board. >> thank you. listen, asia and europe were pretty mixed. germany, their economy in an absolute standstill. doint need to go over bernanke and all things going on in d.c. wi
CNBC
Feb 24, 2010 12:30pm EST
to bring you to the bernanke testimony. he is continuing. let's listen in. >> that will kill the insipient howing recovery by tightening today and then hurting the housing market? >> we will still continue to hold 1.25 trillion of mortgage-backed securities plus additional agency debt and we think that will continue to keep mortgage rates down. there's a lot of differences of view about how much mortgage rates might go up after the end of this program. so far we haven't seen much, so i think we need to look and see if there's a big reaction, if it does affect the housing market. there may not be a significant reaction so we will ton watch that. >> we -- we've seen that, for example, also, and i think especially in california, to a degree in new york also and other places. i've talked to, quite frankly, to some friends of mine, but in california where they have no recourse loans. we find that where banks are unwilling to write down the principles, and i know you talked about the program, the whole program and writing it down, but it seems now where banks are not willing to write down princi
CNBC
Feb 24, 2010 6:00pm EST
to entertain you. call me. the most dramatic piece of news today did not come from ben bernanke's grilling in front of the house of representatives. bernanke floated like a butterfly. didn't bother to sting at all. it wasn't the skewering of toyota by congress for which the takeaway is quite obvious. keep buys ford and ford preferred. no, none of that. the most sit-up and take notice piece of news today came from dollar tree. which skyrocketed six points, up more than 14% on a day when the dow gained only, well, like 92 points. s&p up a percent. why do we care about a dollar score more than the fed chairman or a huge automaker? first, in full disclosure, my good and plenties of toiletries at my local store did not skew the numbers higher. although it didn't subtract from the company's astounds 32% increase in earnings. no. what this number says and what the stox said in reaction to it along with the store's radically high guidance from 2010, is that the consumer, the consumer is bummed and the consumer is stretched. >> the house of pain. >> i tell you, you don't go to dollar tree to feel g
CNBC
Feb 10, 2010 9:00am EST
not agreed to anything yet. >> and ben bernanke will be releasing his ideas on how the fed is going to pull back from its current role of propping up the economy in every way, shape, and form. we're going to have that live at 10:00. i know his comments are coming out, mark. i'm not sure if he's actually going to physically be there because you know in washington it's a little snow. what are they going to do? >> i think they now have a total of 50, five zero, inches on the ground. >> yeah, yeah. >> we also have big snow issues in new york, baltimore, philadelphia, airports closed, schools closed. it's a real mess. this is a live picture. >> wow. >> well, it was a live picture of reagan national airport. it is empty. >> that's amazing. it really is. mark, you know i remember when there was a forecast of snow things would be shut down and called off and to your point pretty incredible what has been going on there. snowmageddon. that's an amazing picture, live. no one at the airport. >>> the futures right now are plus 0.70 on the s&ps. we needed 1.42 to get to fair value. so it's very close to
CNBC
Feb 10, 2010 3:00pm EST
. bernanke's testimony was released this morning. on outlining an exit plan, the market pretty much took a slide. a lot of things that told about -- heard about. the 10-year auction did not go too well. rick santelli will have more on that, partly because of the low volume, because of the storm. as the storm's intensified here in the northeast i know that traders are concerned about getting home and we've seen volumes get lower. financials have been the standout all day and really moved us into positive territory midday. jpmorgan, bank of america very strong. and strong that perhaps metlife set to buy its alcoa unit. energy and materials have gone back and forth as the dollar has gone back and forth. dollar lost ground midday. we saw them gained and now they're losing again as the dollar is stronger got and also got disappointing outlooks from lothan mentel. the super markets, maybe one of the benefactors to watch as far as the storms. their stocks today are doing pretty well. a friend of mine sent me picture it is from washington area super market chains there, calling them, so be it, s
CNBC
Feb 9, 2010 11:00am EST
? >> a lot of speculation about the ecb and real quickly, i just want to mention that the bernanke hearing for tomorrow has been postponed. the expectation is that that is related to weather issues, of course. we've got a big storm coming our way here on the east coast. in the meantime we're looking at a market that's been up triple digits. up 99 and 100 as i speak and this is primarily because there is hope that, in fact, greece's problems may be somewhat tempered by the european union coming in and doing some kind of rescue, some kind of bailout. i want to bring in bob pisani. we've got a lot to talk about, bob. first, bernanke hearing. >> it's just because of the snow, there's nothing else going on. it's that simple and that makes a lot of sense and that's what traders have been saying and we're waiting for an official reason. >> mr. trichet is on his way back from sydney as we speak a day early and a lot of people are putting their hopes on him coming forward with some kind of plan. >> it's actually moved the markets. remember in '92 with the treat they created the whole euro, and gree
FOX News
Feb 10, 2010 3:00pm EST
the height of the economic crisis. ben bernanke was expected to testify but the hearing was canceled because of the snow. bernanke says the fed will likely raise it is interest rate it pays banks. raise the rate but analysts say that could hurt folks looking for consumer loans because banks have incentive to sit on their money rather than lend. this is the cycle and we're gob to move forward. bernanke says the move is months away and claims it's best for the fed to recoup the money it loaned out. you may wonder why would the federal reserve do something to make it more difficult to get loans? at the same time, the obama administration wants banks to extend loans to small business to say they can hire more workers. it's a central component of the job creation plan. major garrett has more. how can each happen at the same time, as if i didn't know? >> i've talked to senior administration officials and of course the federal reserve is an independent agency, the white house and treasury department don't like to talk about the policy but the federal reserve and government are more interlinked sinc
FOX News
Feb 10, 2010 7:00pm EST
tonight. thank you. the federal reserve chairman ben bernanke laid out the blueprint for the fed's plan to recoup all the money it loaned out in the great recession and in turn winding down the stimulus program. bernanke issued a statement saying the fed will try to raise the interest rate it pays banks to keep money in the u.s. central bank. analysts say that way banks would be less inclined to put money on risky investments. but they also say that could hurt consumers because those banks would have more incentive to sit on their money and earn interest rather than lend it out to you and me. but, bernanke says the plan will not be implemented until the economy is on a firmer footing. on wall street, the stock market managed to steady itself before the closing bell today. after hearing bernanke's plans concerning the central bank, stocks suffered sharp early losses before reversing course later in the day. the market ended up just about where it started. the dow dropped 20 to close a little bit above the 10,000 mark. the nasdaq down 3. the s&p off 2. while the fed works on the financial
CNBC
Feb 9, 2010 2:00pm EST
bernanke and chris cox and i went up september 18th to meet with congress and tell them we're going to need these authorities. and the difficulty we had at that time was, as warren said, much better than i could, the arteries of the financial system were freezing up. and so i knew, with a certainty, that business was going to turn down because when you have companies that it's uncertain whether they're able to raise their short-term funding, most cfos go to the ceo and say, boss, i may not be able to have all of the funding you'd like for the next 30 days, what is a prudent company do? they start cutting back. but congress hadn't seen this yet. and so, they hadn't seen it yet in their district. so i knew with a certainty it was going to get worse. i'm not sure i knew it was going to be 10% unemployment but i knew it was going to be bad. and so then when the -- and i knew if he didn't do something and it collapsed, then the businesses wound be able to fund themselves, wouldn't be able to pay for inventories and pay suppliers and would let employees go and that would ripple through the econom
CNBC
Feb 10, 2010 6:00pm EST
news from ben bernanke, who gave testimony to nobody because of the snow. testimony which said he isn't going to tighten until the economy gets better, bizarrely. those comments initially send the market down hard. it made me think, what does the market say, what is wall street saying to him. they wanted to say, i'm going to plug the market with money even if things get good. would they have preferred them to tell us all is well, and i'm tightening right now? thankfully bernanke continues to do the right thing. i'm calling him the grown-up in chief. finally, i think we're going to see a real stimulus package coming out of congress. a bipartisan effort that will produce real jobs that use real equipment and fix real infrastructure. are you listening my friend? that's big news. it signals that the administration may be able to walk, chew gum and botch health care reform all at the same time. the bottom line, we slip through obama and china today. maybe this is the beginning of something big that will permanently sideline our two least favorite sea monsters. or maybe it's just a breather
FOX News
Feb 18, 2010 4:00pm EST
there. this has been telegraphed in the market, ben bernanke the head of the federal reserve signaled that rates would eventually have to go up, so why not begin with one of the more innocuous rarates? i'm not saying it's a big deal. in the economy we're having to see the federal reserve is taking the foot to brake here hiking a key interest rate. not the federal funds rate. overnight bank lending rate, that a lot of sus a lot of loans pegged to, but a rate some say in time, those rates will be effected. laffer joining me now, one -- art laffer joining me now. one of the premier economists for the last century, not because he paid me to say good things about his book "return to prosperity." a brilliant mind and another brilliant book, and art laffer, your brilliant take on rate hike? >> thank you very much. it's about time. the fed increased the monetary base enormally, 16, 17 months ago. we've been at a zero interest rate for a long, long time. >> neil: this is still low, three-quarters. >> it is. but time to look at inflation. year over year numbers, getting higher. it's baked in t
MSNBC
Feb 24, 2010 12:00pm EST
-- to lowest level since world war ii. ben bernanke sunday pressure to explain how to wrap up the central bank's program to inject emergency cash into the economy. he testifying before house lawmakers today who sits on the financial services committee. his job is a tough one because the economy is still shaky and ending the rescue program too soon could put us back in dangerouster. hay told lawmakers the fed members believe the recovery -- the recovery will remain high the next few years. >> consistent with moderate economic growth, expecting the unemployment rate to decline slowly. to arrange 6 opinion 5 toerz 7 opinion 5% by the end of 2012. still well above their estimates of the long run sustainable rate of 5%. >> bernanke said he's also committed to keeping interest rates low and you can see how that isn't landing on wall street. the dow jones industrials up 87.5. s&p popped up 9. nasdaq is up 22. by the way, the securities and exchange commission just voted today to make new rules to limit short selling on stocks that drop 10% or more. the vote was very close. >>> an investigation of a p
CSPAN
Feb 18, 2010 2:00am EST
. people like alan greenspan and ben bernanke gave us the largest downturn since the great depression. that is why we have a huge budget deficit. we didn't have a huge tax cuts. we had stimulus and response to the downturn. we have higher unemployment if we have not had that but let's be clear if we are upset about the deficit greenspan and bernanke, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular. health care costs, medicare again. we are providing medicare health care benefits for seniors. that is also hugely popular. you have these tea party people out there yelling don't let the government touch medicare. they are anti-government but they want me
CNN
Feb 24, 2010 9:00am EST
bernanke. he'll be delivering his semi-annual testimony before congress today. also tomorrow. you can bet those questions from lawmakers will focus a lot on unemployment in this country, the outlook for the overall economy and interest rates from the fed. what happened last week that's really going to play in here, the fed surprised wall street. they raised the interest rate that they charge banks for emergency loans. a lot of focus on that today expected as well. we're also going to keep a close eye on the housing sector today at the top of the hour. we'll get a report on new home sales. it is expected to show actually some good news that home sales jumped 5% last month. meantime, we've got one of the nation's biggest home builders toll brothers reporting earnings. the company also saying, listen, the housing market is still "in choppy waters but the seas are getting calmer." toll brothers reported its first quarter loss, narrowed a bit from a year ago. that's good news on the housing front. shares are up just slightly, about 2% this morning. the dow industrials is pretty strong open. up
CNBC
Feb 18, 2010 1:00pm EST
, ben bernanke's green chutes. while arc gres everyboggressive green chutes. welcome to our program. i'm erin burnett. here is the conundrum. stocks seem happy lately. a few days of rallies. we've got new, unproven companies pulling deals, not able to raise money to grow and hire. big companies who can raise money aren't seeming to spend it on grow and hiring. china is a little bit angry at america. you're looking at a picture now
FOX News
Feb 18, 2010 5:00pm EST
about being so sanguine about this is ben bernanke. there are a lot of talking heads saying deflation. i worry about the guy saying greenspan's policies had nothing to do with the situation we're in now. scary. >> glenn: so steven, how much, how much did inflation rise up today? >> the inflation rate? >> yes. charles probably knows the number. >> 1 hadn'1.4. >> that's troubling. we're starting to see increase creep in. we learned you can't stop it from growing. >> 1 hadn't 4. that's for producers. they can't pay more without passing on the price. >> correct. >> glenn: 1.4, they said it was annualized interest rate. 16% or something -- did you see that? >> no. but it's starting to creep up. >> glenn: do you have that, steven, do you know what i'm talking about? >> ultimate multiply it by 12. if we kept it up for 12 months. >> glenn: correct. you have inflation coming up. the way to have inflation go down is to suck the money back, correct? >> correct. >> glenn: which means higher interest rate meaning what to the debt payment? >> service on the debt. this is the conundrum the government i
FOX News
Feb 10, 2010 6:00pm EST
. federal reserve chairman ben bernanke says the fed will likely begin tightening credit by raising the interest rate it pays to banks on money they have deposited at the central bank. that would lead to higher interest rates for consumers and businesses eventually. wall street did not like that news. the dow lost 20.26. the s&p 500 gave back 2.3. and the nasdaq dropped 3 points. there are calls for the head of the president's top counter terrorism advisor in the wake of the christmas day bombing plot. we will get some thoughts on all of the back and forth from the fox all stars after the break. all across america there are health mart towns, with health mart pharmacies that are locally owned, with pharmacists who are part of their communities. providing a unique combination of clinical expertise and personal attention. no wonder health mart has been ranked highest in customer satisfaction by jd power and associates. see if you live in a health mart town at healthmart.com we created our college of business and management... after collaborating with business leaders. we wanted our cu
MSNBC
Feb 25, 2010 9:00am EST
. musberger. >> that's where the sum is mitt will be taking place. for the second time today ben bernanke will come face to face with lawmakers who want his exit strategy from the drastic measures the fed took to keep the economy going. >> steve, what can you tell us about not annual what the fed chair said, but did he give a hint on where interest rates are headed? >> he did. he said what are considered on wall street, chuck, the magic words that the fed will remain exceptionally low for an extended period. that phrase has guided wall street's forecast for where the fed will be. it basically means the fed will not change policy for six months. you sat there, read the testimony. as soon as he said those words you knew they were safe. so the idea is the fed leading up to this had done some mechanical things that some in the market mistook for the beginning of tightening, but they were just what the fed called normalization. so the fed chairman needed to say that and he said it. what i think is because banking and regulatory reform is alive in the senate, if not the house -- remember, they
NBC
Feb 19, 2010 11:00am EST
are definitely rae reacting today to the fed's move to discount banks. ben bernanke hinted last week it was coming, but economists thought the fed would wait until next month's meeting to do so. they did it yesterday after the bell. the fed says this won't impact rates for consumers. that's a key point and that the key benchmark rate will still stay at historic lows for quite a while. but even so, asian markets fell overnight. europe also lower. but like i said, we've turned things around. we've gotten some other data and pieces of news today. consumer prices rose 0.2% last month while the core rate, that's the one that's figured without food and energy, fell 0.1%. retailer jcpenney earned 84 cents a share for its latest quarter. that's 2 cents above the street estimate. so things are looking a little better for retail than what we had thought. and toyota's president now says he will testify at a congressional hearing next week. and that the automaker's gas pedal and brake recalls. akio toyoda says he looks forward to speaking directly with congress and the american people. you remem
CNBC
Feb 8, 2010 6:00am EST
like the saints have it for a second. >> the guest host is inside the bernanke huddle during the financial crisis, former fed governor randy kroszner. >>> a big play here, a big play there, and the bulls may be ready to run. >> picked off. look out. just passed manning and tracy porter taking the ball all the way. touchdown, new orleans! >> "squawk box" begins right now. ♪ ♪ >>> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with steve liesman, carl and joe are out but in studio we also have new york times reporter andrew ross sorkin. our guest host, randy kroszner, a business professor at the booth school of business. great to have you here, randy. >> great to see you. >> we have a lot to talk to you about this morning. let's go to your morning rundown. we have a game plan with howard ward, portfolio manager for gamco investors growth fund. then we'll see if we can diffuse the debt bomb that threatens the global market. it's a small problem we'll try to fix this morning. later we'll be monday morning quarterbacking the super bow
CSPAN
Feb 26, 2010 7:00am EST
for banks in the country. host: ben bernanke referred yesterday to short-term political liability for this. guest: i think he is absolutely correct. people tend, under these kinds of conditions, to one to blame someone. the problem with that is there are plenty of people to blame. we deregulated the industry. the congress deregulated the industry. there was a culture, if you will, of deregulation. and this encouraged some of what i call speculative activities that led to the bubbles and then the collapse. yes, you had this reaction. i think it is an overreaction, and the outcome would be -- as you try to blame someone you get worse outcomes rather than better outcomes, and i think that is what the chairman was trying to communicate. host: does the banking committee and the members, are they right to be angry at the fete at all? guest: if they're going to be angry, i think they have to be angry at everyone, including themselves. they allow these organizations to get bigger and more risk oriented. and yes, and regulatory agencies because of this culture -- the regulatory agencies because of
MSNBC
Feb 8, 2010 6:00am EST
. bernanke will lay out a plan for credit tightening. another big headline, former merrill lynch chief john thain picked to lead cit. it brings together two prominent casualties of the credit crisis. >> "the washington post" after the massive snowstorm, they are ready to get hit again tomorrow. >> the snow at their home was up to their waist. >> your mom has an art exhibit here. what are they 82? >> 82 and 80. and they drove up. >> once you have to drive through nazi check posts to escape the country, it's nothing getting through jersey. >> i was worried, but they are just fine. she has a big opening tonight it will be fun. >> my art exhibit was there last week. >> it was? did you show your postcards? that's good. >>> michael lke allen has the m playbook. the joint summit on health care. i like the idea if you think it will give the idea of health care reform momentum. >> well, sure. i think people in both parties wonder why now? we said on this show, one of the easiest things for the president to have done was to call republicans, turn on c-span, msnbc and say what have you got? he is fina
CSPAN
Feb 25, 2010 2:00am EST
, it by them. >> thank you. chairman bernanke, i think chairman frank mentioned the deficit in passing and the debt. that is what i want to ask you about. that is the elephant in the room. we have reduced our debt is going to double in the next five years, a triple in the next 10 years. it is fueled by historic deficits. i heard this morning on television that we have many cases across the united states and children and adults that are walking out on thin ice. they walked out day after day and they get some comfort and nothing happens. the thin ice is dangers. i submit that this type of budget half is a dangerous. i would ask you -- i do not believe that our present budget passed is sustainable. my first question, it is our budget path sustainable? secondly, is there a need for the congress to come up with a concrete plan to change p that the toath? do you believe there is urgency in that? >> you asked about sustainability. you are talking of the medium term charge of a deficit that remains after the economy has returned to normal levels of activity. estimates of the sexual deficit ran
CSPAN
Feb 5, 2010 6:00am EST
that as a new member, i sat as many of my colleagues did when we got a call from secretary paulson and bernanke in saying this guy was-- and we had to react in two days. so sometimes depending upon the issue of the reaction has to be different. babbitt you or do you not agree with the testimony of mr. scovell which are not just limited to rulemaking and now i have a minute and 47 seconds. >> in 15 seconds i get an a-plus on milestones for professionalism. training i get an incomplete and i get a b on fatigue. >> do you agree with his assessment? >> i agree with some of his assessments. >> look forward to your immediate reaction to them and i would say, i would rather see you come to us and be creative in think out of the box and maybe have to figure out how we can do things differently because i think the confidence of the american public is reducing every day that we delay, and i think there is room for us to think creatively and do it different and i look forward to helping you. >> thank you very much. i appreciate that. >> i thank the gentlelady and >> i thank the gentlelady and th from ohio
CNN
Feb 17, 2010 11:00am EST
, in studying history, unless you learn from it, all the economic experts and bernanke and obama included, understood in the great depression the one thing they did not do is spend enough fast enough in order to stimulate the economy in order to create sustainable growth which obama and bernanke are doing. >> so, jeanne, why is this package viewed so negatively by so many in the country one year later? >> well, i think that the democrats didn't necessarily sell it as it was, you know, throughout the year. they went off and did health care and then came back to jobs. you know, 2 million people may have been helped by it. but another 8 million lost their jobs. so, more people are feeling pain than benefit. and so as a result, i think most people don't -- don't appreciate or really understood that, you know, it was a limited package. people thought it should have been bigger. it helped, but it didn't resolve the economic crisis we were in. >> wow. ryan, what's your view on that? why do you believe so many people have such a negative view of the package? >> i have to agree. we didn't sell it
CNN
Feb 24, 2010 6:00am EST
velshi later today. >> a lot of great stuff. >> ben bernanke will testify on the hill today. >> we'll get his prescription or a forecast on what will happen with the overall economy. a lot of questions. when will this economy be back to normal and what is normal? that means your job, home and bank. let's take a look at where we stand. the national association of business economics predicts job growth is on its way, forecasting 140,000 jobs per month will be added in 2010. in the new normal, no thing is ever as it seems. yesterday we found out mass layoffs rose last month for the first time since august. more than 180,000 folks fell victim to mass layoffs in january. we saw consumer confidence tumble. consumers are still very nervous. how about your house? your biggest asset most likely or what was once your biggest asset. one out of every four mortgages is under water. it means you owe more than the house is worth. foreclosure will continue. speaking of lenders, banks still in trouble. one out of 11 banks is at risk of going under. that's the problem bank lift, 140 banks were shut down la
CNN
Feb 4, 2010 11:00am EST
left the u.s. >>> ben bernanke has been sworn in for a second term as chairman of the federal reserve. bernanke vowed to preserve the fed's independence, despite a move in congress to tighten control over the central bank. >>> and preparing for a snowy weekend from 1 inch in new york to almost 2 feet in baltimore. meteorologist rob marciano tracking this massive winter storm. what's going on. feast appetizer. [dinner bell chimes] high quality ingredients like wild alaskan salmon in a delicate broth, without by-products or fillers. fancy feast appetizers. celebrate the moment. in the north of england to my new job at the refinery in the south. i'll never forget. it used one tank of petrol and i had to refill it twice with oil. a new car today has 95% lower emissions than in 1970. exxonmobil is working to improve cars, liners of tires, plastics which are lighter and advanced hydrogen technologies that could increase fuel efficiency by up to 80%. >[t:p][n:e plastics which are lighter and advanced hydrogen technologies announcer: the smallest moments can have the biggest impact on a child
CSPAN
Feb 17, 2010 7:00am EST
the federal reserve to take the lead on this. citing mr. bernanke does not want to step up and -- i think mr. bernanke, unfortunately, does not want to step up and take responsibility. i think the administration put a good deal of capital to work to make sure that he stayed on as chairman of the fed. but honestly, it would require presidential leadership at this point. we see encouraging signs, but also discouraging signs. the president said nice things about big bankers and their compensation just last week. you have to ask the white house where we are on this issue. host: simon johnson is the author of an upcoming book, "13 bankers." when will this come out? guest: when wilthe end of march. i do not think this problem is going to go away anytime soon. host: wyoming, republican line. caller: i would just like to say a few things and please do not cut us off because we do not get a chance to get in as many times as the democrats and the independent line. i'm a conservative woman of color. i notice every time on c-span and i get to be disappointed. and i will get to my question. i notice a ta
HLN
Feb 24, 2010 6:00am EST
her terribly. >> some of the stories this morning at 10:00 a.m., ben bernanke is on capitol hill. all ears will listen to his take on job creation. this afternoon, the president will make his case for creating more jobs. it's going to happen at the business round table. >>> this afternoon in vancouver, fresh off the upset of team canada, the u.s. men's hockey team takes on switzerland. >> usa! usa! >> something tells me you are watching. >>> a star sentenced to five years in prison for shooting his limmo driver. it's been years coming. >> eight years in the running. this is a guy who literally had it all at one point. an nba all-star. one of the richest contracts in the league. prosecutors say he was playing with a shotgun, shot his driver, tried to cover it up. yesterday, a new jersey judge sentenced him to five years in prison. afterwards, he said he was sorry. >> i sincerely apologize for my actions that caused his death. i pray that today brings you some comfort. my children, you deserve a better father. son, brothers than i have been. >> he was apologizing to his victims there. h
MSNBC
Feb 3, 2010 6:00am EST
. your dreams. more within reach. meet us at ameriprise.com. >>> ben bernanke. >> yes. >> who oversaw the collapse of not only the united states, but pretty much the entire world financial system. >> right. >> and brought our economy to its knees has been reappointed as head of the fed. >> right. >> does this give you hope for being re-elected governor of new york? because may i remind you, he screwed everybody. >> wow. >> eliot spitzer taking shots from colbert last night. here with us now, founder, editor of thedailybeast.com, tina brown. >> good morning, everyone. >> great to see you. we'll get to your explosive piece about andrew young. have you quite a bit to say about john edwards' body man. we may have to bleep that. but first, maureen dowd's don't ask, don't tell op-ed. she writes in part -- tinea it was a pretty remarkable day on capitol hill. >> i thought it was pretty believing. very moving indeed. one does ask whether it will ignite a cultural war thing and distract. that's the only thing that scares me, we do need to be focused on jobs now. the timing seems strange. but h
CSPAN
Feb 16, 2010 11:00pm EST
as a country to have in place, hank, ben bernanke kumbaya tim geithner and sheila bair the head of the fdic. i know a lot of people and finance and business and government. i cannot think of for that would have done a better job. but to look back of our country's financial system throes of during that period. some of you were in a party i was that in 2008 when the talk, when you have 3.5 four more trillion held by 30 million people on a sunday night are worried about whether they can get their money, that money was half of all deposits held in the banks at that time. you have a panic. you have commercial paper frees up entirely and some of the biggest companies described in the book worried if they would be payable in a short period of time. the sixth largest bank in the country with the maastricht staged domestic deposits and the third largest bank, wachovia, i needed a shotgun marriage on a monday morning and it just arrived this. interestingly the bookstores early september when fannie mae and freddie mac worry essentially bart -- broke. the two institutions guaranteed 40 percent of all res
CSPAN
Feb 10, 2010 11:00pm EST
. bernanke. -- thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] ♪ >> we have quite a lineup on this isle. only a couple on the other. we need a few more folks down here. we've already had to pull some day -- a fulsome day. let's proceed to our question and answer session. we have three other excellent speakers, so a lot to look forward to. i want the banking for coming and your excellent attention. this is our fifth symposium and they seem to get better every year, if that is indeed possible. thank you all for making this such a productive in event. all right, we will begin with our question and answer is, and because there are more of you then of view, we're going to start on this side. >> this is a question for mr. kantor. and cultural prophets redeem themselves with accurate insights? >> i am not sure that i understand the question. >> you are talking about cultural prophesied and you believe that they cannot predict accurately. but can the kid rick -- redeem themselves? >> i am not sure what you mean by t
CSPAN
Feb 24, 2010 11:00pm EST
-span, federal reserve chairman ben bernanke testifies on capitol hill. president obama discusses his economic policies at a meeting with the u.s. business roundtable. and toyota executives testify at a hearing about their company's recalls. on tomorrow's "washington journal," we will preview health care summit with members of congress, including michael burgess of texas, diana degette, james clyburn, and bill cassidy. james clyburn -- julie rovner as well. >> live on thursday, day-long coverage of the health care summit. live from blair house, it will also include your reactions on c-span radio and c-span.org. >> now, federal reserve chairman ben bernanke. he told congress that the federal reserve will maintain low interest rates to help preserve the economy. this is about an hour. >> chairman frank, ranking member baucus, and other members of the committee, i am pleased to present the federal reserve's semiannual monetary policy report to the congress. i will begin with outlook -- comments on the outlook of the economy and for monetary policy. although the recession officially began more tha
CSPAN
Feb 28, 2010 2:00am EST
:00. >> thank you and welcome chairman bernanke. Ñi i'm interested in the suggestion made recently about curtailing some of the investment banking risks they are taking. he brings up an important subject and touches on it. it's bigger than what he has addressed. when we repealed against ñrthis i also believe there's been a moral has order caused by a fra decision of a line of credit given to freddie mac. the concept still persists that it is too big to fail. nobody is going to walk away. there's this dpar untea that the government will be there to bail out anybody that looks like is going to shake it up. it doesn't matter the bad debt and burden on the american taxpayer. it is still there. creating a tremendous moral hazard. the real problem over the decades has been the perception put into the markets pretending there is a saveings ore actually capital out there. this is the moral hazard because they believe something that is not true. we see the disintegration of the system we have already created. we have already been in a final crisis. we are going to see this get worse and have to
CSPAN
Feb 10, 2010 12:00pm EST
corps which western intelligence believes is peterheading iran's missile program. ben bernanke is outlining the central bank's plan for reeling in stimulus money once the economic recovery is more firmly rooted. the a p rights in prepared remarks to the house committee mr. burning pieces the fed will start tightening credit by boosting the interest rate it pays banks at the central bank. to an in to booktv for a three day president's day weekend beginning saturday. others inform treasury secretary henry paulson talking with warren buffett on the 2008 economic collapse. afterwards, historian and pulitzer prize winner gary wills on how the atomic bomb change the presidency and the role of the u.s. in the world. all day monday, books on american presidents. fdr, as seen on president obama and our culture on ronald reagan. for the complete schedule go to booktv.org. . it is a little under two hours. >> meeting come to order. mahatghghandi, every worthwhile accomplishment has stages drudgery and triumph. in beginning struggle and victory. the effort to add comprehensive health care
FOX News
Feb 24, 2010 11:00am EST
. jon: "happening now" in the top box. ben bernanke on the hill right now expressing confidence the economic recovery will endure. but he stresses the importance of keeping interest rates at record lows. knowledge crews meeting a jetblue in fort lauderdale. someone onboard was injured when the flight hit turbulence. in the bottom box the world health organization says the h1n1 flu outbreak has been less severe than expected. the group will review the status of the pandemic to decide fit has peaked. jane: this is a story that will interest you and may outrage. a convicted rapist has been charged in a horrifying new attack. prosecutors say william french sexually assaulted a woman twice in her home in the boston area. in between the two attacks he cut off a gps device he was wearing because he violated his probation. why after violating his probation was he allowed to remain free and just have a gps on him? you said this is not necessarily surprising, this case. >> unfortunately we have seen more of these kinds of cases. it shows a failure in the system. why aren't the level 3 sex
FOX News
Feb 12, 2010 9:00am EST
week leading a charge to convince ben bernanke and geithner to use their power to increase liquidity for the commercial marketplace. good or bad idea? >> right. well, i don't want to see the government actually spending money. one of the problems we have in commercial real estate, in fact in small business lending is the regulators, government is leaning on small banks so hard they are scared to lend now. and it's an overreaction. we get overlenient on regulations sometimes and then overregulatory and i think we're having too much regulation today. gregg: your bottom line is government, butt out. brian wesbury, thanks for being with us. >> thanks, great to be with you. martha: surveillance camera images that are truly horrifying. a 15-year-old girl, hard to watch, folks -- savagely beaten, while security guard, the guys in the vests, standing around while the girl is kicked in the head. what are these people's excuses for what they did? and what is this city doing now to stop this? >> plus it looks more like the northeast than the south. can you believe this? a wicked winter storm is
HLN
Feb 10, 2010 12:00pm EST
bernanke also kept the market in check. he outlined the plan that the central bank will follow once the economy has recovered. bernanke was scheduled to deliver the testimony in person to a congressional panel, but the wearing was postponed because of, well, the storm. weather permitting, tomorrow we'll get the latest readings on jobless claim ace long with earnings on pepsico and viacom. and did i happen to mention it's snowing here? >> yes. is it making you a little grouchy? >> i'm not grouchy, i'm not going home. that's what's happening. >> hang in there. one year after hayleigh cummings vanished from her home, we hear from her father in jail on drug charges. we're going to talk about that next. >> the nasty winter weather is making roads deadly. earlier we showed you the stretch of interstate 80 in central pennsylvania. we have now learned, at least one person was killed after about 50 vehicles were involved in crashes. this is all in clearville county. another is said to have a serious leg injury because of all of this. no one is really going to go anywhere on the east coast to
MSNBC
Feb 24, 2010 6:00am EST
will be listening to what ben bernanke has to say as he begins two days of testimony on capitol hill. right now you can get a great deal on any volkswagen. well, the tiguan's great. mm. and the routan has everything we're looking for. plus, every volkswagen includes no-charge, scheduled, care-free maintenance. so, what's this punchdub days about? you know, where you punch someone in the arm every time you see a volkswagen. red one! [ baby crying ] test drive? [ male announcer ] with great deals on all 13 models, it's a whole new volkswagen. and a whole new game. ♪ oh, just come snuggle with momma! missing something? now at sears optical, get 2 pairs of glasses for $99.99. with bifocals just $25 more per pair. sears optical. don't miss a thing. ♪ [ male announcer ] every business day, bank of america lends nearly $3 billion dollars to individuals, institutions, schools, organizations and businesses in every corner of the economy. america. ♪ growing stronger. every day. growing stronger. and island music] ♪ fa-diddle-diddle-do-do-do ♪ fa-daddle-daddle-la-da-da ♪ fa-diddle-diddle-leh-dee-d
CSPAN
Feb 18, 2010 6:00am EST
get so mad at people like ben bernanke. most economists, god knows what on earth was going through their heads as they watch the bubble keep grow and grow and grow and said everything was okay. now they are surprised fukuda agnone? that is a joke we have around washington. anyone who is doing their job should have known. >> host: amity shlaes anything there you want to address? >> guest: i think it is important to think about the interplay between the war in domestic policy because it is true the government can think about two things at once. it cannot walk and chew gum at the same time and when you have a distraction, whether you believe it is something we should invest then, afghanistan, iraq, the government does not think well about what is going on at home so if you called on our various leaders that the fed or at the white house over time under, in this period under president bush,'s september 11 you would say are you concerned about fannie mae? they would say absolutely, here's the data and they are going out of control, fannie and freddie and we will be have legislation abou
CNBC
Feb 2, 2010 6:00am EST
bernanke is in, senator. >> yes, he is. >> that's all right with you, though. you're going to be okay, right? >> i'm going to be okay. i offer my congratulations. but i think it does accepted a message to be confirmed by the lowest margin in history, sends a message about the concern about the role he played and the build-up to the crisis. >> yeah, but senator, you were ready to take the other side, knowing he would get confirmed, and your constituents can still say, well, at least this senator took the populus side. took the. >> i took the position as the only democrat taking that position after a careful review of the things he stood for, alignment with greenspan, failure to resfond derivatives. the failure on consumer protection, the things you are talking about in terms of prepayment penalties and liar loans and so i think he failed on many fronts but he is there now and i hope he does a great job on monetary policy and gets consumer protection in an agency that will care about it. >> senator, thanks. you have to keep coming back. >> thank you. >> oregon, oregon. i know how to say
CNN
Feb 15, 2010 5:00pm EST
bernanke who was named by bush the federal reserve chairman, henry paulson, the treasury secretary. they said if they didn't do this bailout, the abyss would've happened and it wouldn't have been a recession, it would have been a depression. >> well, you know, a lot of people did offer that chicken little scenario. and equally other economists and people in the real banking world, for example, a communication i received from the president of bb & t asking the 435 members of the house and the 100 members of the senate not to vote in favor of the bailout because the money would not end up being used by banks to be loaned to consumers and you would have banks under the thumb of greater government control. and, indeed, though i don't like to use hank bolson as a source, he made it very clear that while mccain in the end supported it, when john suspended his campaign to go back to washington, and voters thought he's going to make a stand for us. john, instead of being the tell it like it is straight talk express guy, he meekly read a couple of talking points and went ahead with the whol
CNN
Feb 24, 2010 1:00pm EST
for hiring. they could take it up as early as friday. also on the hill, fed chief ben bernanke saying that the congress action has helped to jump start the economic recovery, but he worries about the unemployment rate which is near 10%. >>> in vancouver, an emotional moment on ice. joannie rochette took third place in the short program after in the sudden death of her 55-year-old mother on sunday. she will battle for gold in the free skate final tomorrow. >>> i want to tell you what is going on with weather. we have a blizzard moving in the next 48 hours. we have pictures across the country and you have -- can we pull these up, michael? put them on the screen? okay. the one on the left is washington, d.c., and that is the white house and central park, the view from time warner center where cnn is. the only snowflakes you can see are in the animation behind it. it is looking good and calm, bhau but it is going to change. let's look at texas. if you are in west texas, wow, five inches of snow. i have to say that the texans are getting used to this and they have reason to buy a lot of sn
CSPAN
Feb 4, 2010 7:00am EST
of making decisions on interest rates. mr. bernanke does testify regularly on capitol hill explaining what he is doing, and why he is affecting monetary policy the way he is. some, like milton friedman, have suggested that we could replace federal reserve with a computer that could determine these interest-rate formulas. perhaps that would be better. federal reserve policy can be subject to certain criticism. i do not hoknow how we would do this. there is disagreement on the way they have handled the recession, and that is fair. host: another tweet -- guest: $3 trillion of the deficit? over the next 10 years, if we expended all the tax cuts, for everyone, that would be about $3 trillion. the deficit is much bigger than that. the base line is $11 trillion. if you got rid of all the tax cuts, we would still have and $8 trillion deficit over the next 10 years. president obama is not talking about doing that. only for those making more than $250,000 a year. that is only 1/5 of the tax cuts. if you want to get rid of "tax cuts for the rich" it is over $16 billion from a deficit of $11 trillion.
CSPAN
Feb 10, 2010 7:00am EST
. host: a couple other items, business section of "new york times," that ben bernanke has survived a challenge to his second term as chairman, and faces the delicate task of beginning to pull the central bank out of its extraordinary situation. guest: the economy through the fall of 2008 and through last year, in an effort to help banks and credit markets and to prevent the financial system from imploding. they did that by lower the interest rates, and now they have to pull that back. they have to pull the federal reserves investments in the economy back. and they have to do that carefully because they don't want to cause problems in doing so, which is something that could happen. it will be delicate. markets are watching when this will happen. if he doesn't do it right, you will see plunges in stock values. host: what is the update? guest: last week senate dodd announced he was at an impasse with senator shelby, and it's not a good sign. there are some republicans who said they were committed to get a bill. one thing to watch is bob corker, a new senator from tennessee, he's worki
CSPAN
Feb 15, 2010 7:00am EST
professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved, 1971 was started getting this concept of presidents day morphing of washington and lincoln's birthday and then the idea of just celebrating the institute of the president and having school children learn each president and what they look like and memorize the names. but washington is, in my view, the person we need to be celebrating on presidents' day. he did something very extraordinary as our first president, he stepped down. he showed you could relinquish power. that we were not going to become a market. he could have stayed in for life terms because he was that popular but i think it was the beginning of the tradition -- of the presence i
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